All, Possibly a complex Tax quesion but any advice is greatfully received. Discussing with accountant and doing research myself at the moment. Rather than waffling here are the concise facts. I have Australian PR, married. Currently expat in Malaysia. Net income $200+. 3 IP's in Oz, Total Value = $High, Debt = $Low. LVR = 25%. Variable interest rates. $90,000 cummulative IP losses over the last 5 years. IP's will give $15,000 positive cashflow for 09-10 tax year. Job offer in Oz at $200+ (plus super & fringe benefits) Job start in Jan 2010, thus 09-10 wage income will be about $100K+ Question - What tax will I pay for 09-10 year on my new earning in Oz ? Will my Oz income from Jan be taxed on standard rates irrespective of my Malaysian income from the first part of the year ? Does my Malaysian income for Q1 & Q2 09-10 have any affect on my OZ tax status for 09-10 ? GunnerGuy.